The worst-case scenarios for corporate-bond downgrades to junk haven’t materialized despite the pandemic shutdowns
The pandemic’s economic shutdowns prompted dire warnings that record volumes of corporate bonds could lose their investment-grade ratings and become what investors call fallen angels. So far, though, the fall hasn’t been as extreme as predicted.
While 2020 has by some estimates already seen a record value of corporate bonds downgraded to junk status, fallen angels are still falling short of the worst-case estimates many analysts predicted this spring. And the overall share of investment-grade corporate debt rated triple-B—the...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dodgers complete dominant regular season with shutout over AngelsThe Dodgers finish the regular season with the best record in MLB by three games and cap it off with a 5-0 victory over the Angels.
Read more »
Dodgers overcome power outage and a Mookie Betts injury scare to beat AngelsA 20-minute power outage at Dodger Stadium doesn't do much to hamper the Dodgers in their win over the Angels at Dodger Stadium on Saturday.
Read more »
Angels vs. Dodgers interrupted by power outage at Dodger StadiumA power outage at Dodger Stadium delayed Saturday's game between the Angels and Dodgers for about 25 minutes while power was being restored.
Read more »
Federal Food Assistance Programs Alone Fall Short For AmericansThe pandemic has exacerbated food insecurity in the U.S. And while the government has programs to assist struggling Americans in accessing food, it's not always enough.
Read more »
Breonna Taylor's death shocked the nation. In Louisville, many Black people are far from surprisedMany Black residents of Louisville, Ky., are sadly familiar with marginalization and otherness, and have watched a system that vows to uphold justice fall short of its promise.
Read more »
Rihanna Just Debuted the Coolest Cobalt Blue Reverse Cat-EyeRihanna said electric blue for fall, folks.
Read more »